QV Investors Inc. purchased a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 50,126 shares of the company’s stock, valued at approximately $794,000.
Several other hedge funds also recently added to or reduced their stakes in MICC. Compagnie Lombard Odier SCmA acquired a new stake in Magnum Ice Cream during the fourth quarter worth approximately $3,008,000. Banque Pictet & Cie SA acquired a new position in shares of Magnum Ice Cream in the 4th quarter valued at $729,000. Blue Trust Inc. purchased a new position in shares of Magnum Ice Cream in the 4th quarter valued at $135,000. Hall Laurie J Trustee purchased a new position in shares of Magnum Ice Cream in the 4th quarter valued at $177,000. Finally, First Pacific Financial acquired a new stake in Magnum Ice Cream during the 4th quarter worth $42,000.
Wall Street Analyst Weigh In
MICC has been the subject of a number of research reports. The Goldman Sachs Group cut shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Zacks Research lowered Magnum Ice Cream from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Oddo Bhf started coverage on Magnum Ice Cream in a research report on Thursday, January 15th. They set an “outperform” rating on the stock. Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. Finally, Weiss Ratings cut Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.
Magnum Ice Cream Stock Performance
NYSE MICC opened at $14.31 on Friday. The Magnum Ice Cream Company N.V. has a 52-week low of $14.15 and a 52-week high of $19.93. The business’s 50-day moving average is $16.21.
Magnum Ice Cream Profile
The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.
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